REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2024

REVENUE RECOGNITION [Abstract]

Disaggregation of Revenues

The following table shows the Company’s revenues disaggregated by service type; all revenues are generated within a similar geographical location:

	For the Year Ended December 31,
(in thousands)	2024		2023		2022
Tariff Revenue
Consumption charges	$	58,477	$	49,051	$	47,809
Fixed fees		36,825		33,074		31,431
Service charges		735		682		597
DSIC		136		4,727		5,085
Metered wastewater services		809		602		649
Industrial wastewater services		1,859		1,851		1,853
Total Tariff Revenue	$	98,841	$	89,987	$	87,424

Non-Tariff Revenue
Service line protection plans	$	5,825	$	5,632	$	5,020
Contract operations		1,047		1,046		931
Design and installation		62		181		3,315
Inspection fees		410		424		326
Total Non-Tariff Revenue	$	7,344	$	7,283	$	9,592
Other Operating Revenue	$	1,767	$	1,591	$	1,881
Total Operating Revenue	$	107,952	$	98,861	$	98,897

Contract Assets and Contract Liabilities

Our contract assets and liabilities consist of the following:

(in thousands)	December 31, 2024		December 31, 2023		December 31, 2022
Contract Assets – Tariff	$	3,030	$	3,043	$	2,618
Deferred Revenue
Deferred Revenue – Tariff	$	1,385	$	1,300	$	1,231
Deferred Revenue – Non-Tariff		714		539		438
Total Deferred Revenue	$	2,099	$	1,839	$	1,669